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Marketing Services Company is one of the leading providers of a specific product that acts both as an investment and a collectible in the United States.
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M&A Capital considered all viable capital structures, including senior debt, subordinated debt, minority equity, and preferred and common stock to provide the company with various options.
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The capital structure selected by the company included multiple securities to maximize flexibility and minimize cost.
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The $28.3 million of secured financing included a $5.0 million revolving credit facility (with a minimal draw at closing to provide sufficient liquidity for the ongoing growth of the business) and $23.3 million in senior notes split into $16.3 million of subordinated notes and $7.0 million of senior notes to minimize annual principal payments.